HomeMy WebLinkAbout951561.tiffRESOLUTION
RE: THE BOARD OF EQUALIZATION, 1995, WELD COUNTY, COLORADO
PETITION OF:
GREELEY NATL BANK
P O BOX 1098
GREELEY, CO 80632
DESCRIPTION OF PROPERTY: PIN: R 3019486 PARCEL: 096106426020 - GR 5080 L2-3-4
BLK68%1212 9TH ST%
WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized as
the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the
assessment and valuation of real and personal property within Weld County, fixed and made by
the County Assessor for the year 1995, and
WHEREAS, said petition has been heard before the County Assessor and due Notice of
Determination thereon has been given to the taxpayer(s), and
WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's
valuation for the year 1995, claiming that the property described in such petition was assessed too
high, as more specifically stated in said petition, and
WHEREAS, said petitioner being represented by Jeffrey Monroe, Tax Profiles Services, Inc.,
and
WHEREAS, the Board has made its findings on the evidence, testimony and remonstrances
and is now fully informed.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, acting as the Board of Equalization, that the evidence presented at the hearing clearly
supported the value placed upon the Petitioner's property by the Weld County Assessor. Such
evidence indicated the value was reasonable, equitable, and derived according to the
methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law.
The assessment and valuation of the Weld County Assessor shall be, and hereby is, affirmed as
follows:
951561
AS0032
�s, a ►ax,k, \7ax „2 L (ay,$)
RE: BOE - GREELEY NATL BANK
Page 2
ORIGINAL
Land $ 117,563
Improvements OR
Personal Property 346.625
TOTAL ACTUAL VALUE $ 464.188
BE IT FURTHER RESOLVED that a denial of a petition, in whole or in part, by the Board of
Equalization may be appealed by selecting one of the following three options:
Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals
(BAA). Such hearing is the final hearing at which testimony, exhibits, or any
other evidence may be introduced. If the decision of the BAA is further
appealed to the Court of Appeals only the record created at the BAA hearing
shall be the basis for the Court's decision. No new evidence can,be introduced
at the Court of Appeals. (Section 39-8-108(10), CRS)
Appeals to the BAA must be made on forms furnished by the BAA, and
should be mailed or delivered within thirty (30) days of denial by the
CBOE to:
Board of Assessment Appeals
1313 Sherman Street, Room 523
Denver, CO 80203
Phone: 866-5880
OR
2. District Court: You have the right to appeal the CBOE's decision to the District
Court of the county wherein your property is located. New testimony, exhibits
or any other evidence may be introduced at the District Court hearing. For filing
requirements, please contact your attorney or the Clerk of the District Court.
Further appeal of the District Court's decision is made to the Court of Appeals
for a review of the record. (Section 39-8-108(1), CRS)
OR
3. Binding Arbitration: You have the right to submit your case to arbitration. If
you choose this option the arbitrator's decision is final and your right to appeal
your current valuation ends. (Section 39-8-108.5, CRS)
951561
AS0032
RE: BOE - GREELEY NATL BANK
Page 3
Selecting the Arbitrator: In order to pursue arbitration, you must notify the
CBOE of your intent. You and the CBOE select an arbitrator from the official list
of qualified people. If you cannot agree on an arbitrator, the District Court of the
county in which the property is located will make the selection.
Arbitration Hearing Procedure: Arbitration hearings are held within sixty days
from the date the arbitrator is selected. Both you and the CBOE are entitled to
participate. The hearings are informal. The arbitrator has the authority to issue
subpoenas for witnesses, books, records, documents and other evidence. He
also has the power to administer oaths, and all questions of law and fact shall
be determined by him.
The arbitration hearing may be confidential and closed to the public, upon
mutual agreement. The arbitrator's written decision must be delivered to both
parties personally or by registered mail within ten (10) days of the hearing.
Such decision is final and not subject to review.
Fees and Expenses: The arbitrator's fees and expenses are agreed upon by
you and the CBOE. In the case of residential real property, such fees and
expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses,
not including counsel fees, are to be paid as provided in the decision.
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 3rd day of August, A.D., 1995.
BOARD OF COUNTY COMMISSIONERS
WEt OUNTY, COLORADO
ATTEST:
Weld County Clerk to the Board
BY // A mitl/6,# 44
eputy Clerk oathe ard.
, 1
APPROVED AS TQ\irOORpt
FXCI ISFf
Barbar Kirkmeyer, P o-TemJ���
e . Baxter
Dale K. Hall, Chairman
yf'rri�i'r2 kid1VA
Constance L. Harbert
ARSTAINFr)
W. H. Webster
951561
AS0032
BOE DECISION SHEET
PIN #: R 3019486 PARCEL #: 096106426020
GREELEY NATL BANK
P O BOX 1098
GREELEY, CO 80632
HEARING DATE: July 27, 1995
HEARING ATTENDED? etN)
TIME: 11:30 A.M.
NAME 757 -e -(1 -1 --
AGENT NAME: TAX PROFILE SERVICES INC
APPRAISER NAME
DECISION:
/YAP-Yl4 s
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION
ASSESSMENT RATIO
Land
Improvements OR
Personal Property
Total Actual Value
ACTUAL VALUATION
ORIGINAL SET BY BOARD
$ 117,FR9
348 675
$ 464.188
COMMENTS:
MOTION BY (1 TO
SECONDED BY Co_Vs
Failed to prove appropriate value
No comparables given
Other:
$ / ric5- "
$ '{LNG 1R`R.
Baxter --(ON)
Hall -- ON)
Harbert --(ON)
Kirkmeyer -- (Y/NP_C_
Webster__-(WFFN-)f}.:_ r t
RESOLUTION NO._ A 5 t 5 6 t
#0,t;
WUDe
July 10, 1995
GREELEY NATL BANK
P O BOX 1098
GREELEY, CO 80632
CLERK TO THE BOARD
PHONE (303) 356-4000 EXT.4218
FAX: (303) 352-0242
915 10TH STREET
P.O. BOX 758
GREELEY, COLORADO 80632
Parcel No.: 096106426020 PIN No.: R 3019486
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of Thursday, July 27, 1995, at or about the
hour of 11:30 A.M., to hold a hearing on your valuation for assessment. This hearing will be held
at the Weld County Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor
Hearing Room.
You have a right to attend this hearing and present evidence in support of your petition. The Weld
County Assessor will be present before the Board. The Board will make their decision on the basis
of the record made at the aforementioned hearing, as well as your petition, so it would be in your
interest to have a representative present. If you plan to be represented by an agent or an attorney
at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office,
an authorization for the agent or attorney to represent you. If you do not choose to attend this
hearing, a decision will still be made by the Board by the close of business on August 10, 1995, and
mailed to you on or before August 16, 1995.
Because of the volume of cases before the Board -of Equalization, all cases shall be limited to 15
minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide
evidence to support your position. This may include evidence that similar homes in your area are
valued less than yours or you are being assessed on improvements you do not have. Please note:
The fact that your valuation has increased cannot be your sole basis of appeal. Without
documented evidence as indicated above, the Board will have no choice but to deny your appeal.
At least two (2) working days prior to your hearing the Assessorwillhave available, at your request,
the data supporting his valuation of your property.
GREELEY NATL BANK - R 3019486
Page 2
Please advise me if you decide not to keep your appointment as scheduled. If you need any
additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
Donald D. Warden,
Clerk to the Board
BY: (tiro O 11 ( � All E
171
Kim erlee A. Schuett, Deputy
cc: Warren Lasell, Assessor
TAX PROFILE SERVICES INC
NOTICE OF DENIAL
1400 NORTH 17th AVE.
GREELEY, COLORADO 80631
PHONE (970) 353-3845. EXT. 3656
i
C.
COLORADO
GR 50!30 L2 -i-4 BLK68%1212 9TH ST%
1212 9 ST GREELEY
CWNER GREELEY NAIL BANK THE
TAX PROF ILE SERVICES I NC PARCEL 0961 06425020
PIN R .3019486
STEVE`) I) SCHLUCHTER
1401 BLAKE ST 4201
DLNVER
CO 80202
YEAR
LOG
1995
02790
05/24/1995
The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined
that your property should be included in the following category(ies):
RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH.
A,:iPICULTU;:'. L LAND VALUE IS DETER'41INED SOLELY BY THE EARNING OR PRODUCTIVE
CAPACIT-Y OF THE LAND; CAPITALIZED AT A RATE SET BY LAW.
ALL OTHE_'7 PWPE.RTY, INCLUDING VACANT LAND; IS VALUED BY CONSIDERING THE COST,
MARKET; AND INCOME APPROACHES.
If your concern is the amount of your property tax, local taxing authorities (county, city, fire protection, and other special districts) hold
budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts, and plan to attend these budget hearings.
The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest and has deter-
mined the valuation(s) assigned to your property. The reasons for this determination of value are:
NO CHANGE HAS 3EE N MADE TO THE ACTUAL VALUATION OF THIS PROPERTY.
CCLO;tA'?.1 LAW REQUIRES US TO SEND THIS NOTICE OF DENIAL FOR ALL
p F OPERT I _ S ON 'WHICH WE DO NOT ADJUST THE. VALUE.
PROPERTY CLASSIFICATION
LAND
I MPS
PETITIONER'S
ESTIMATE
OF VALUE
ASSESSOR'S VALUATION
ACTUAL VALUE
PRIOR TO REVIEW
117.56 .3
346;625
ACTUAL VALUE
AFTER REVIEW
117.563
346.625
TOTALS $ $ 464.1 89$ 464 11 A►1
If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration,
39-8-106(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal.
By:
15-DPT-AR
Form PR -207.87/94
WARREN L. LASELL
WELD COUNTY ASSESSOR
ADDITIONAL INFORMATION ON REVERSE SIDE
05/2)/95
DATE
tiOii HAVE
APPEAL PSOC EDURES:
A! ON OP HEAR€NC.
TAXPAYER ?^StU R
S ASSESS
FUrn H t ^st Ai,:
District Court:
fry Aver rue a: Kit Rn atreet P.O. sox is
:reeleyr:oor itio 80632
teletslionc (9 ST 356 3:000 C.xt. 4520
it you do not receive a deterniin.xlion hrxn the
Assessment Appeals by September 18.
TO PRESERVE YOUF APPEtr .
THEREFORE. WE RECOMMEND ;Lk
:fief. =?.
P F_ � . � s fief .
A'trl:Yatlon:
At IZA iON
must file an
L #Lc-ozi
17 ftc J tr o 4 ?retry- 4 r CV (Trip
4 -LA- t`Kt. ev4._ aeestotec.l.
r
TP≤ Inc.
Gh
4424 -
COUNTY BOARD OF EQUALIZATION
PETITION FOR REVIEW
CLEF
TO THE HONORABLE WELD COUNTY BOARD OF EQUALIZATION)
Petitioner, Bank One Corporation c/o Tax Profile Services Inc. (TPS Inc.) 1401 Blake Street
Suite 201, Denver, CO 80202, requests review of the County Assessor's Notices of
Determination for the Subject Property (described below) for tax year 1995. Copies of the
Notices of Determination for the Subject Property are attached and incorporated herein by
reference.
DESCRIPTION OF SUBJECT PROPERTY
Schedule Number : 096106426020
Location of Subject Property: 1212 9th Street, Greeley
The subject property is referenced in the Statement of Agency, a copy of which is attached hereto
and incorporated herein by reference.
REPRESENTATION
Petitioner requests a hearing before the Board at which petitioner will be represented by the
following registered agent, Tax Profile Services Inc., or legal counsel. (303) 628-0405. (Please
contact petitioner if legal counsel is necessary at the Board of Equalization hearing)
CERTIFICATE OF SERVICE
I certify that I served a copy of this petition, with attachments on the County Assessor by
United States mail on this 2nd day of June, 1995
TAX PROFILE SERVICES INC.
Steven D. Schluchter
1401 Blake Street, Suite 201
Denver CO 80202
Telephone (303) 628-0405
do /I5
STATEMENT OF AGENCY
Property Owner, Banc One Colorado Corporation, hereby appoints Tax Profile Services,
Inc. (hereinafter "TPS"), as Property Owner's representative in connection with the
valuations for assessment of Property Owner's real and/or personal property which is
contained in Addendum A attached hereto, for each year 1995 through 1996, for taxes
payable the following year (hereinafter "Subject Property").
TPS shall have full authority to review all applicable records relating to the valuation for
assessment of the Subject Property; to negotiate the valuation for assessment of the
Subject Property with the County Assessor, with any representative of the Assessor's
office, or with the County, at an amount which TPS deems appropriate in the
circumstances; and to pursue any statutory remedies which Property Owner may possess
before the County Assessor, County Board of Equalization, County Board of
Commissioners, Board of Assessment Appeals, District Court, Appellate Courts, or in
binding arbitration in the Property Owner's name and in Property Owner's behalf.
This agreement shall remain in effect until revoked in writing by property owner.
State of Colorado City and County
of Denver ) ss.
The foregoing agreement was acknowledged before me this 5th day of December
1994
by Ted R. Sikora
(if a natural person or persons, insert name(s); if by a person acting in a representative or
official capacity or as attorney -in -fact, insert the name and identify the capacity in which
it is executed; if by an officer of a corporation, insert the name of such officer and
identify the office.)
Witness my hand ,and official seal.
f111t/.7i , tM azou .s4icLC
Notary Public
My commission expires:
February 28, 1997
Co
O.E. HEARING
DATE:
TIME:
SUBJECT:
ADDRESS:
PIN#:
July 27, 1995
11:30 A.M.
Greeley National Bank Branch Drive -Up
1212 9 Street, Greeley, CO
3019486
SUBJECT PHOTOGRAPHS
Northeast View of 1212 9th Street
Southwest view of covered drive -up lanes
1
SUBJECT PHOTOGRAPHS
Southeast view of mini bank building
2
COMPARABLE LAND SALES
SALE
NO.
GRANTOR/GRANTEE
DATE OF
SALE
SALES
PRICE
AREA IN
SQ FEET
PRICE/
SQ FEET
MISC.
SUBJECT
57,000
2.06
Corner
9th St & 13 Av
1
WINEGAR/BLAIR
05/04/92
40,000
]
5,750
6.96
Interior
1527 9 St
2
MCPHETRES/GREELEY
URBAN RENEWAL
12/24/93
59,000
24,000
2.31
Interior
902-910 5 St
3
EE KINDER CO/
HAGEMEISTER
03/07/94
95,994
28,500
3.37
Corner
7 St & 8Av
4
DAVIS & DAVIS/
NORTH CENTRAL
FOOD SYS
05/02/88
250,000
57,000
4.39
Corner
10 St & 7 Av
5
GREELEY URBAN
RENEWAL/ COLSON
CONSTRUCTION
01/28/86
250,000
76,000
3.29
Corner
6 St & 11 Av
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5
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SUBJECTS VALUE ESTIMATED BY THE MARKET APPROACH: $165.00 S.F. X 2,840 S.F. = $468,600
ADJ S.F. PRICE
ADD SUBJECT LAND
ADD IMP VALUE
NET ADJ
ADJ ATM BLDG
ADJ CANOPY
ADJ BSMT
ADJ BLDG SIZE
YEAR BUILT
BLDG VALUE
BLDG SIZE
LAND VALUE
LAND SIZE
ADJ SALE PRICE
SALE PRICE
SALE DATE
ADDRESS
DATA
O\
W
A
CM
"C
00
D
00
1973
NJ
"C
W
00
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2,840
J
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1212 9 ST
GREELEY
SUBJECT
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100 S COLLEGE
FT COLLINS
COMP 1
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29,185
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2901 23 AV
GREELEY
COMP 2
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476,512
305,512
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LOVELAND
COMP 4
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1041 W MAIN ST
WINDSOR
COMP 5
5
STIVS H'IfVlIVdL11OD
COMPARABLE SALE #1
STREET :100 S. COLLEGE
MARKET PER SF $113.54
ADJ SALES : $ SALES DATE SEPT. 1993
PARCEL IDENTIFICATION NUMBER
97123-18-033
BUS NAME :COLLTMBIA SAVINGS
OCCUPANCY CODE 304 - BANK
YEAR BUILT 1962
YEAR REMODELED
RANK AVERAGE
CLASS C - MASONRY
IMPROVEMENT SF 2,422
STORY HEIGHT 18 FT.
OF STORIES 1
BASEMENT UNFIN 513 SF
BASEMENT FIN 3,210 SF
LAND SF/ACRES 6,400 SF
SALE PRICE $275,000
RECEPTION :1 9306-9320
GRANTOR: 1ST NATIONWIDE BANK
GRANDEE: COLORADO SAVINGS
6
COMPARABLE SALE #2
PIN: 2598386 PARCEL #: 95924100062
OCCUPANCY: BANK
ADDRESS: 2901 23 AVE GREELEY
PROJECT: 0
SALE DATE: 05/06/94
SALE PRICE: $262,787 RECEPTION #: 23888O9
ADJ SALE PRICE:
GRANTOR: FIRST FEDERAL SAVINGS BANK OF COLO
GRANTEE: FIRSTBANK OF LONGMONT
YEAR BLT: 1979 LAND/BLDG RATIO:
BLDG SIZE: 3,388 IMPS PRICE/PSF:
CLASS: D SALE PRICE/PSF:
CONSTRUCTION-QUAL: AVG CASH DOWN:
WALL HEIGHT: 10 LOAN:
STORIES: 1 INTEREST RATE:
BSMT SIZE: 0 LOAN TERM (YRS):
LAND SIZE: 29,185 POINTS PAID:
LAND VALUE: 120,388
BOOK #: 1442
8.61
$42.03
$77.56
$0
0
0.0%
0
0
REMARKS: PURCHASE PRICE ALSO INCLUDED 8X12 ATM BLDG
AND A TWO-LANE DRIVE -UP CANOPY --BOTH WERE
IMMEDIATELY DEMOLISHED BY THE NEW OWNER.
TOTAL PROPERTY WILL BE RENOVATED/MODERNIZED
BY NEW OWNER.
7
COMPARABLE SALE #3
PIN: 3273186 PARCEL #:
96108227030
ADDRESS:
PROJECT:
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
GRANTOR:
GRANTEE:
YEAR BLT:
BLDG SIZE:
CLASS:
CONSTRUCTION-QUAL:
WALL HEIGHT:
STORIES:
BSMT SIZE:
LAND SIZE:
LAND VALUE:
OCCUPANCY:
1503 9 AVE
0
09/06/94
$196,000
$175,000
WELD CREDIT UNION
LUNDVALL, ROY
1978
1,888
D
AVG
16
1
1416
13,500
20,250
BANK
GREELEY
BOOK #:
RECEPTION #:
LAND/BLDG RATIO:
IMPS PRICE/PSF:
SALE PRICE/PSF:
CASH DOWN:
LOAN:
INTEREST RATE:
LOAN TERM (YRS):
POINTS PAID:
1458
2405666
7.15
$81.97
$92.69
$175,000
0
0.0%
0
0
REMARKS: SELLER TRADED FOR 1.85 AC LAND #0375494
VALUED AT $196,000. SELLER LEASE BACK FOR 11
MONTHS AT $1500/MO i.EASOR PAYS INS $500. NET
17,500 CAR 10.00.
8
COMPARABLE SALE #4
S
Parcel Number:
Property Address:
Business Name:
Sales Data:
Sale Date
Sales Price
Sale $/SF
Grantor
Grantee
Site Data:
Land Size SF:
Site Coverage:
Zoning
Occupancy Code
Class
Rank
Building SF
Confirmation:
By / Date.
With
Comments:
95142-60-009
1352 W EISENHOWER BLVD LOVELAND CO
1ST BANK OF NORTHERN COLORADO
5/16/94
$527,975
$2I l 19
Reception Num: 94042371
Adj Sales Price: $527,975
FIRST FEDERAL SAVINGS BANK OF COLORADO
FIRSTBANK OF LON'GMEONT
25,748
10%
304 - Bank Saviors R Loan, Cr
D
2,500
Stories.
Basement Fin
Rooms:
Units
Year Built
Year Rem
95142-60-009
Time Adjustment
Date Sold 5/16/94
0 Sale Price $527,975
Adj Sale $532,100
1984
1994
Per Sq Ft
2500
212.84
AW 8/15/94
DANIEL SIILNI
IN PROCESS OF REMODELING DRIVE UP AREA INTO BANK OFFICE
SPACE,
9
COMPARABLE SALE #5
PIN: 1448686 PARCEL #:
80720115029
OCCUPANCY:
ADDRESS: 1041 W MAIN ST
PROJECT: 0
BANK
WINDSOR
BOOK #:
SALE DATE: 11/30/90 RECEPTION #:
SALE PRICE: $492,000 ADJ SALE PRICE:
GRANTOR: BANK OF WINDSOR INVESTMENT
GRANTEE: BANK OF WINDSOR
YEAR BLT: 1982 LAND/BLDG RATIO:
BLDG SIZE: 4,363 IMPS PRICE/PSF:
CLASS: D SALE PRICE/PSE:
CONSTRUCTION-QUAL: GOOD CASH DOWN:
WALL HEIGHT: 14 LOAN:
STORIES: 1 INTEREST RATE:
BSMT SIZE: 0 LOAN TERM (YRS):
LAND SIZE: 58370 POINTS PAID:
LAND VALUE: 116740 BY WHOM:
REMARKS: PREVIOUS SALE 5/85 $400,000
10
1283
2234556
13.38
$86.01
$112.77
$492,-00.0
0
0.0%
0
0
0
INCOME APPROACH
BANK LEASES
BANK NAME AND
ADDRESS
BUILDING
AREA
RENTAL
RATE
LEASE
START
C:OLO NATIONAL BANK
3690 W 10 ST
GREELEY
11094
14.71 NNN
11/85.
BANK OF COLO
1041 MAIN ST
WINDSOR
4,080
15.44 NNN
5/85
KEY BANK
822 14 ST
GREELEY
6,180
12.82 NNN
12/90
NORLARCO BANK
2545 RESEARCH BLVD
FT COLLINS
4,588
17.00 GROSS
6/88
NORWEST BANK
6500 JFK PARKWAY
FT COLLINS
6,500
13.00 NNN
UNKNOWN
FT COLLINS 1ST IND
2701 S COLLEGE AV
FT COLLINS
3,190
11.76 NNN
UNKNOWN
VALLEY NAT'L BANK
I VALLEY CENTER
LOVELAND
7,744
13.1 I NNN
UNKNOWN
JaCPFILPSCOMMERCLV'ROTFSTSV9TIIMOTBK 95
11
INCOME CALCULATION
GROSS BANK S.F.
NNN LEASE RATE
BANK INCOME
LESS 5% MANAGEMENT & RESERVES
NET OPERATING INCOME
OVERALL CAPITALIZATION RATE
INCOME VALUE
PLUS EXCESS LAND 28,500 @ 3.00
PLUS ATM BUILDING
2,840
14.50
41,180
2,059
39,121
11%
355,645
85,500
25,000
TOTAL PROPERTY VALUE 466,145
ROUNDED TO 466,000
SUBJECT VALUE ESTIMATED BY THE INCOME APPROACH: 466,000
1\WPFILES\COMMERCLNROTESTS\9TIIMOTPK 95
12
COST APPROACH
Parcel Number : 0961-06-4-26-020
Property Owner : Greeley Nat'l Bank
Address : 1212 9 St
City, State, ZIP: Greeley, Co 80631
Surveyed by : Stan Jantz
Date of Survey : 07/19/95
Occupancy: Bank
Floor Area: 2,840 square feet
Class: Masonry
Cost rank: Average
Cost as of: 6/94
Number of stories: 1.0
Average story height: 14.0 feet
Effective age: 21 years
Heating and Cooling:
Package Unit 100%
Other features:
Units
Cost Total
Basic structure cost 2,840 96.83 274,997
Extras:
Mini bank 40,000
4 Drive -up @$15,000 60,000
Canopy 9198 sf @$13.50 124,173
Asphalt 28000 sf @$1.00 28,000
Storage 88 sf @$5.00 440
Subtotal 252,613
Replacement Cost New 527,610
Less Depreciation:
Physical
Depreciated Cost
<19.5%>
<102,883>
424,727
Miscellaneous:
Land
Total
117,563
542,290
Rounded to nearest $1,000 542,000
Cost data by MARSHALL and SWIFT
13
VALUE INDICATIONS
COST APPROACH:
SALE COMPARISON APPROACH:
INCOME APPROACH:
ASSESSOR'S VALUE (1955):
AW PFILESVCOMMERCI APROTESTSW THMOTBK 95
14
542,000
468,600
466,000
464,188
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